Each of the three leaders of the expedition was pledged to secrecy, but before they had been a week out of the Golden Gate Wallace discovered by accident not only that the crew knew the story, but that they were implicated with the master of the boat in a plot to obtain the whole treasure for themselves.

He told what he had learned to Quinn under cover of an evening smoke on deck. The old pirate took it without winking an eyelash, for he could see Slack and one of his men watching them.

"Six to two. Long odds, boy," he said, knocking the ashes from his pipe.

To keep up appearances Bob Wallace laughed.

"I'm to be got rid of just before we land. It is to be made to look like an accident. You're safe until you have uncovered the treasure. Then it's good-by Cap Nat, too."

Quinn's laugh rang loudly, for the old man could play the game with any of them.

"We can't go back. If we suggested that the row would begin at once. No, we must choose our time instead of letting them choose theirs. And we can't wait too long, because they would see we were taking precautions against being surprised. We'll strike to-night—and hard."

No doubt Cap Nat was right in his strategy, but the scruples of the boy's conscience lost them the advantage of a sudden attack. He would fight to save his life, but he would not take advantage of his enemies.

Perhaps it would be nearer the truth to say that he could not. Something stuck in his throat at the thought of falling upon men unexpectedly and dealing murder broadcast. Nor could the arguments of the old man shake him.

Dreadfully frightened though he was, the boy stuck doggedly to his position. He would die before he would do such a thing. And indeed he counted himself as no better than dead.